The prices in real estate in Union, in the Missouri region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Union has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $234. In the following month the price per sq.feet increased considerably to $341. The price for the following two months in (May, June) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 51 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $229 to $117.5 during July, and August.
Based upon to the price in Union (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $574,400. During April the price went through a considerable rise reaching $767,145. During the following two months (May, June) the average price had a considerable reduction of 59 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $534,011.25 to $184,208, which means a 34 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $159,300 they are 14 % more affordable than the average price for Union. The properties with the highest average price have 4 bedrooms, Their price is 138 % more costly than the average. After that we have properties with 3 bedrooms priced at $249,486.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $121 / sq.feet, with an average $104 / sq.feet price in Union. The properties with the highest average prices have 3 bedrooms. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $159,300 it is 25 % more expensive than the average price in Union. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Commercial". At a price of $198,587 it is 98 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $77 / sq.feet followed by "House" priced at $132 / sq.feet. "House" is the most costly type of property with a $132 / sq.feet cost followed by "Commercial" with an average price of $77 / sq.feet.